IRS Scrutiny of Offshore Tax Avoidance Repels Bids for Bermuda Reinsurers May 19, 2015 By Sonali Basak The IRS’s scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies’...
Update: Italy’s EXOR Offers $6.4 Billion for PartnerRe in Threat to AXIS Deal April 14, 2015 By David de Jong, Sonali Basak and Tommaso Ebhardt Italy’s billionaire Agnelli family, with a $6.4 billion unsolicited bid for PartnerRe Ltd., is seeking to thwart its target’s planned...
Best: Indonesia Insurers’ Reinsurance Buying Habits Could Affect Capital Ratios April 10, 2015 The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and...
A.M. Best: European Reinsurers Report Strong Results, Growth Limited April 6, 2015 Major European reinsurers have posted very strong full-year results for 2014 and continue to be well capitalized, with profitable underwriting...
A.M. Best: Germanwings Crash May Put More Pressure on Aviation War Sector March 31, 2015 A.M. Best said the total insurance loss of Germanwings Flight 4U9525, which crashed in the French Alps on March 24,...
Loeb’s Third Point Reinsurance Ltd. Shuns Acquisitions in U.S., Europe February 12, 2015 By Noah Buhayar and Sonali Basak Third Point Reinsurance Ltd., the Bermuda-based company co-founded by hedge-fund manager Dan Loeb, said buying a competitor in the U.S....
A.M. Best: Europe’s Largest Cedants Alter Reinsurance Purchasing Practices February 6, 2015 Europe’s 20 largest cedants are benefiting from lower reinsurance rates and stronger bargaining power, resulting from a trend that saw...
Munich Re Raises Dividend Even After 4th Quarter Profit Declines 42% February 5, 2015 By Oliver Suess Munich Re, the world’s biggest reinsurer, plans to raise its dividend even after fourth-quarter profit declined 42 percent on investments...
XL’s McGavick: Hedge Funds Grow in Sophistication in Insurance Arena January 9, 2015 By Zachary Tracer Investors such as hedge funds and pensions are becoming more sophisticated as they partner with insurers, XL Group Plc Chief...
Climate Change Report Slams Insurers for ‘Profound Lack of Preparedness’ October 22, 2014 By Don Jergler A report on the insurance industry released Wednesday shows “a profound lack of preparedness in addressing climate-related risks and opportunities.”...